Air India trims losses by 40% in run-up to disinvestment
New Delhi: Air India Ltd narrowed its operational losses between April and December by over 40%, ahead of the planned sale of the state-run carrier, which is expected to kick off next week, two senior airline officials said on Friday.
The reduction in losses was the outcome of a lower interest burden after half of Air India’s debt was transferred to a Special Purpose Vehicle (SPV), as well as better operational performance, one of the officials said.
Operational losses in the April-December 2019 period stood at ₹1,045 crore, down from ₹1,960 crore in the same period of the previous year, the first official said.
